Anglo secures orders of €20m

ANGLO Irish Bank has secured judgment orders totalling more than €20 million arising from loans and guarantees of the liabilities of two property companies whose proposed schemes included a “tax-driven” hotel and park-and-ride project at the Cliffs of Moher.

Mr Justice Peter Kelly granted judgment for €10.4m against John Flanagan, a builder, of Ballyvara House, Doolin, Co Clare; €6.4m against Gerard Lillis, also a builder, of Alva Cree, Kilrush, Co Clare, and €3.35m against Ted Joyce, an architect, of Marine Village, Ballina, Co Tipperary.

The bank’s claim arose mainly from the liabilities of Liscannor Properties Ltd and Atlantis Development Ltd and guarantees allegedly provided by the defendants over those liabilities.